EUR/USD Price Analysis: A move to 1.1750 in the offing?

• EUR/USD partially fades Thursday’s sharp move to 1.1690.
• Further north comes the 1.1750 region, late September tops.

EUR/USD gives away part of the recent advance and returns to the negative ground near 1.1650.

In the meantime, if the upside impulse pushes the pair above the 1.1700 neighbourhood – where the monthly top, the 55-day SMA and the short-term resistance line all coincide – it could attempt to re-visit the late-September peaks in the mid-1.1700s in the not-so-distant future.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1904.

EUR/USD daily chart